Investments

S&P said the outlook revision reflects "our view that Pennsylvania has continued to make progress toward structural budgetary balance." Earlier this month, Moody's revised its outlook on the state to positive.

The Texas Water Development Board leads the new-issue calendar with $1 billion of revenue bonds.

The long-time high-yield muni manager left Nuveen in April when the firm settled a contentious lawsuit with Preston Hollow.

The MAMBA Act would modernize IRS rules affecting private activity bonds.

Bond trustee UMB Bank informed owners of the defaulted debt they may have actionable claims related to the bonds' sale.

Costs jumped faster than revenues increased for the New Jersey Meadowlands mall in 2022, according to its annual financial report.

State Controller Malia Cohen said she stepped up to help draft audit guidelines following a charter school fraud case that cost the state $400 million.

The general bias toward muni rates is that they would be a bit higher with technicals "being a little less supportive than they were in August, plus what we heard with from the Fed 'higher for longer,' and potentially another hike," said Jeff MacDonald, head of Fixed Income Strategies at Fiduciary Trust International.

The private equity firms accused the bank of concealing key changes to a credit agreement, in part because it wanted to win future muni bond business from Brightline Holdings.

State and local governments showing strength in a time of financial uncertainty

The city ranks last among 32 U.S. cities in an index that tracks secondary market prices for general obligation bond debt.

The Bipartisan Infrastructure Law gives the country "the best start we've ever had," in setting up a national bullet train network, Transportation Secretary Pete Buttigieg told a House panel Wednesday.

The nonprofit regional healthcare system reported six straight years of operational losses in its most recent financial report.

Ocean Capital's next move is to attemot to have its elected directors seated on the funds' board of directors.

As was expected, the FOMC held rates in a range between 5.25% and 5.50%, but the dot plot in the Summary of Economic Projections showed 12 of 19 members expect another 25-basis-point rate hike this year.

Miami-Dade County is fighting Florida lawmakers' latest attempts of a takeover of its expressway authority.

The website now shows Bloomberg's yield curve with hourly updates between 9 a.m. and 4 p.m. The move changes EMMA's usual practice of displaying yield curve data from the day before.

A referendum for up to $350 million of general obligation bonds for a terminal project will appear on the Nov. 7 ballot.

The event heavily focused on the kind of and how much disclosure issuers need to offer in order to attract investor interest.

Public finance and public trust must go hand-in-hand and that is where ESG and impact investing can play a role moving forward — it's the data, not the label.